JPMorgan Chase & Co. increased its holdings in shares of Highwoods Properties, Inc. (NYSE:HIW - Free Report) by 6.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 699,013 shares of the real estate investment trust's stock after acquiring an additional 42,744 shares during the period. JPMorgan Chase & Co. owned approximately 0.66% of Highwoods Properties worth $21,376,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of Highwoods Properties by 72.6% during the 4th quarter. US Bancorp DE now owns 21,956 shares of the real estate investment trust's stock valued at $671,000 after buying an additional 9,235 shares in the last quarter. B&I Capital AG grew its position in shares of Highwoods Properties by 111.7% in the fourth quarter. B&I Capital AG now owns 262,500 shares of the real estate investment trust's stock valued at $8,027,000 after purchasing an additional 138,500 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Highwoods Properties by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,133,242 shares of the real estate investment trust's stock worth $65,235,000 after purchasing an additional 71,670 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Highwoods Properties by 65.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,562 shares of the real estate investment trust's stock valued at $220,000 after buying an additional 2,587 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its holdings in Highwoods Properties by 44.4% in the 4th quarter. Oliver Luxxe Assets LLC now owns 70,426 shares of the real estate investment trust's stock worth $2,154,000 after buying an additional 21,655 shares during the last quarter. Institutional investors and hedge funds own 96.31% of the company's stock.
Highwoods Properties Trading Down 0.1 %
NYSE HIW traded down $0.04 during trading on Wednesday, hitting $27.44. The stock had a trading volume of 31,951 shares, compared to its average volume of 912,994. The company has a market capitalization of $2.96 billion, a PE ratio of 28.85 and a beta of 1.15. Highwoods Properties, Inc. has a twelve month low of $23.52 and a twelve month high of $36.78. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.41. The firm has a 50 day moving average price of $28.47 and a 200 day moving average price of $30.58.
Highwoods Properties (NYSE:HIW - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.85. Highwoods Properties had a net margin of 12.37% and a return on equity of 4.33%. As a group, equities research analysts forecast that Highwoods Properties, Inc. will post 3.36 earnings per share for the current year.
Highwoods Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 7.29%. The ex-dividend date was Tuesday, February 18th. Highwoods Properties's dividend payout ratio (DPR) is presently 210.53%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Truist Financial dropped their price target on Highwoods Properties from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Mizuho upped their price objective on shares of Highwoods Properties from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on Highwoods Properties in a report on Monday, March 17th. They issued a "buy" rating and a $32.00 price target for the company. Finally, StockNews.com cut Highwoods Properties from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.50.
Check Out Our Latest Stock Report on Highwoods Properties
About Highwoods Properties
(
Free Report)
Highwoods Properties, Inc, headquartered in Raleigh, is a publicly-traded NYSE: HIW, fully-integrated office real estate investment trust (REIT) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa.
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